2:34 PM · 13 February 2023

Fed's Bowman remains hawkish, but EURUSD attempts to rebound

Fed's Bowman pointed out today that the US central bank still has a lot of work to do in order to achieve financial stability. Bowman emphasizes that further tightening of monetary policy is needed in order to achieve the desired level of inflation.

Bowman also points out that interest rates need to reach restrictive levels and will stay there for a long time.

Volatility is rather limited today as the market awaits tomorrow’s US CPI report. EURUSD rebounds despite the fact that yields are rather muted, which is attributed to good market sentiment. Source: xStation5

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